Wavefront Inc. produces a single product with the following costs: • • Variable production costs: $14.5 per unit Variable selling and administrative expenses: $4.2 per unit Fixed manufacturing overhead: $50,000 Fixed selling and administrative expenses: $60,000 Assuming a beginning inventory of zero, production of 5,500 units, and sales of 4,800 units, what is the dollar value of the ending inventory under variable costing? A. $10,150 B. $15,950 C. $10,875 D. $13,050

Wavefront Inc. produces a single product with the following costs: • • Variable production costs: $14.5 per unit Variable selling and administrative expenses: $4.2 per unit Fixed manufacturing overhead: $50,000 Fixed selling and administrative expenses: $60,000 Assuming a beginning inventory of zero, production of 5,500 units, and sales of 4,800 units, what is the dollar value of the ending inventory under variable costing? A. $10,150 B. $15,950 C. $10,875 D. $13,050

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 46E: Lotts Company produces and sells one product. The selling price is 10, and the unit variable cost is...

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